Lowered Interest Rates Will Undoubtedly Pique Interest of Home Buyers

The number of available single family homes in the Almaden Valley real estate market continue to decrease, from 65 last week to 59 this week. The percentage of total listings under contract has increased from 46% to 49% over the same timeframe.

Some banks lowered their interest rates slightly, which will doubtless pique the interest of buyers who have been frustrated by the lack of homes for sale in Almaden Valley.

The unique situation of unusually low inventory, coupled with historically low mortgage rates, has created an enviable position for sellers who often find keen interest when putting their homes on the market under these conditions.

Give me a call and let me show you how I can help you take advantage of our unusual market!